Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

Employees' Retirement Plan for Former Ally Business Units

ERISA Form 5500 plan record drawn from DOL EBSA β€” verify with linked source filings below.

Sponsored by Ally Financial Inc. Β· Michigan Β· Finance & Insurance

What the 2023 filing shows

Employees' Retirement Plan for Former Ally Business Units holds $525K for 59 participants - about $8,906 per participant, down 99.6% over the 2022 plan year.

$525K
total plan assets (2022 EOY)
59
covered participants
$8,906
avg assets per participant
-99.6%
assets change YoY

The plan reported a net loss of $138M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$525K
Participants
59
State
Industry
Finance & Insurance

What the Filing Says About Employees' Retirement Plan for Former Ally Business Units

Employees' Retirement Plan for Former Ally Business Units is a Defined Benefit (Pension) retirement plan sponsored by Ally Financial Inc., headquartered in Michigan. As of the 2022 Form 5500 filing, the plan reports $525K in total end-of-year assets and covers 59 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 380572512, and the plan has been effective since 1965-01-29. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $138M at the beginning of 2022 to $525K at year-end β€” a decline of 99.6%. Net assets (after liabilities) closed the year at N/A, with reported net income of $-138,086,006 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows β€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$138M
Total Assets (End of Year)$525K
Net Assets (End of Year)N/A
Net Income$-138,086,006
Plan TypeDefined Benefit (Pension)
Employer EIN380572512
Plan Effective Date1965-01-29
Filing StatusFILING RECEIVED

Sponsor Plan History (Ally Financial Inc.)

Year Plans Participants Total Assets
2022 2 10,350 $2.1B
2023 2 11,562 $2.6B
2024 1 10,999 $2.9B

Nearby Defined Benefit (Pension) Plans in Michigan

Peer Defined Benefit (Pension) plans β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the Employees' Retirement Plan for Former Ally Business Units?
As of the 2022 Form 5500 filing, Employees' Retirement Plan for Former Ally Business Units holds $525K in total assets with 59 participants. It is sponsored by Ally Financial Inc..
What type of plan is Employees' Retirement Plan for Former Ally Business Units?
Employees' Retirement Plan for Former Ally Business Units is a Defined Benefit (Pension) plan. It has been effective since 1965-01-29. The plan is filed with the U.S. Department of Labor under EIN 380572512.
Who sponsors the Employees' Retirement Plan for Former Ally Business Units?
Employees' Retirement Plan for Former Ally Business Units is sponsored by Ally Financial Inc., located in Michigan. The sponsor's EIN is 380572512 and the plan operates in the Finance & Insurance industry.
How did Employees' Retirement Plan for Former Ally Business Units perform in 2022?
Employees' Retirement Plan for Former Ally Business Units declined by 99.6% during 2022, moving from $138M to $525K in total assets. Net income was $-138,086,006.
Where can I find official filings for Employees' Retirement Plan for Former Ally Business Units?
Official Form 5500 filings for Employees' Retirement Plan for Former Ally Business Units are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 380572512 or plan name at efast.dol.gov.
How does Employees' Retirement Plan for Former Ally Business Units compare to other plans?
You can compare Employees' Retirement Plan for Former Ally Business Units against other Defined Benefit (Pension) plans on the plan type page, or view plans in Michigan on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) β€” original filing retrieval by EIN 380572512.

Reference: IRS Publication 560 β€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B β€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.